The probability of entering the "5" at the end of the RMB exchange rate is not high.

<

Abstract The latest data from the China Foreign Exchange Trading Center shows that the central parity rate of the RMB against the US dollar was reported at 6.1100 on December 11, which was 14 basis points higher than the previous trading day, and the new record of the exchange reform was once again refreshed. As of the 11th, the RMB has been refreshing history for four consecutive days...
According to the latest data from the China Foreign Exchange Trading Center, the central parity rate of the RMB against the US dollar was reported at 6.1100 on December 11, which was 14 basis points higher than the previous trading day, and the new record of the exchange reform was once again refreshed. As of the 11th, the renminbi has set a new record for four consecutive days, with a cumulative appreciation of 210 basis points in four days. Since the beginning of this year, the central parity of the RMB against the US dollar has risen by 1797 basis points, and the cumulative appreciation has reached 2.9%. Near the end of the year, the market began to speculate whether the renminbi will enter the "5" era?

In this regard, experts interviewed by reporters yesterday generally believe that although the RMB exchange rate has stabilized and stabilized in China's economic recovery, it has attracted a large amount of foreign capital to enter China, especially in the context of more obvious signs in the second half of the year. However, it does not mean that the renminbi will enter the "5" era at the end of the year.

"Relatively, because China's trade has not experienced a large-scale trade surplus, China's economic growth rate has slowed down compared with the past, and liquidity of liquidity has also shown some fluctuations. Therefore, in the short term, the renminbi There will be no state of rapid appreciation." Zhao Xijun, deputy dean of the School of Finance and Finance of Renmin University, said in an interview yesterday.

"Of course, the pressure on the appreciation of the renminbi is still relatively large." Zhao Xijun said that the United States has not withdrawn from QE in the second half of the year, indicating that the US economy is not as optimistic as the first half of the year, and the signs that the Chinese economy has stabilized and recovered after the second half of the year have continued to stabilize, along with The attractiveness of spreads has prompted a large number of foreign capitals to return to China, leading to a continuous appreciation of the renminbi. In addition, the foreign trade data released recently showed signs of continuous improvement, and it has increased the pressure on the appreciation of the renminbi.

According to the latest customs data, the total value of China's imports and exports in November was 370.609 billion US dollars, up 9.3% year-on-year; the trade surplus was 33.8 billion US dollars, a record high of nearly 5 years.

The market generally believes that the current appreciation of the renminbi mainly benefits from the continued improvement in foreign trade data.

In this regard, Lu Zhengwei, chief economist of Industrial Bank, told reporters that the foreign trade data is good, and some arbitrage capital has obtained high arbitrage through foreign trade channels, especially through the sale of high-tech products such as mechanical and electrical products.

Liu Zhiqin, a senior researcher at the Chongyang Research Institute of Renmin University of China, told reporters that the relatively modest appreciation of the renminbi is conducive to traders preferring to use the renminbi to settle foreign exchange, which is conducive to the acceleration of the internationalization of the renminbi.

Zhao Xijun believes that because the accelerated appreciation of the renminbi may have a great impact on foreign trade, resulting in large fluctuations in funds, it is only a good time to expand the volatility range if the relationship between supply and demand of the renminbi is relatively stable.

Non Woven Sanding Belt

Surface conditioning non woven Sanding Belt
This product is made of high quality nylon nonwoven material and great aluminum oxide. It is applicable to handheld and automatic grinding apparatus,with elasticity and small grind,can be good to improve the grinding workpiece ,and easy to replace.

Compared with the traditional abrasives products,nylon abrasive belts have the following advantages: can control the minimum amount of grinding mil,.grinding depth anti-blocking,the minimum of tolerance probability,new abrasives grain continuously exposed in the grinding process,and good effect.

The non-woven, open web, durable construction is designed to resist loading and greatly increase the life of the Belt. Standard Abrasive Non-Woven Discs and Belts offer repeatable finishes for a wide variety of applications.

Application:
Providing additional strength and durability for removing paints,rust, corrosion, exit burrs, weld splatter, parting lines and deburring on ferrous and nonferrous metals.
Blending weld seams and deburring edges


We distributes and wholesales various brands of Abrasive Sanding Disc, Cutting Wheels , Abrasive Flap Disc , Flap Wheels , Flap Disc Backing Pad, Flap Disc Adhesive , Abrasive Machine and Surface Conditioning Product etc, and enjoy a high position among consumers.
Non Woven Nylon Sanding Belt 1 JpgNon Woven Nylon Sanding Belt 71

abrasive sanding belt non woven,Nylon abrasive sanding belts,nonwoven sanding belt,non woven sanding belts,sanding belt for surface conditioning

Zhengzhou Jiading Abrasive Manufacturing Co.,Ltd , https://www.abrasive-jd.com